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ifo Konjunkturprognose 2005/2006: Nur zögerliche Erholung
Ist Teil von
Ifo schnelldienst, 2005-06, Vol.58 (25/26), p.29
Ort / Verlag
München: Institut für Wirtschaftsforschung (Ifo)
Erscheinungsjahr
2005
Link zum Volltext
Quelle
Alma/SFX Local Collection
Beschreibungen/Notizen
The world economy has markedly lost momentum during the current year, after having registered extraordinarily strong growth in 2004. In Germany there is still an almost complete lack of domestic stimulus. Consumer demand and above all the demand for private capital goods, which in view of last year's stormy expansion of the world economy should have increased sharply, remain weak. Investment is even declining slightly. Potential output is currently only increasing by 1%, i.e. by half as much as in the rest of the euro area. Developments in this year and next will follow this trend, by and large. Real gross domestic product is expected to expand by an annual average of 0.8% in 2005, following growth of 1.6% in 2004. Next year, the pace of expansion may accelerate again slightly, in parallel with the improvement of the world economy; real gross domestic product may grow by 1.2%.